ticker

U.S. Movers: Cisco, Rosetta Stone Plunge; Advance Auto Parts Rises

Nigel Thomas
11 Nov, 2010
New York City

Advance Auto Parts Inc traded higher after the auto parts retailer lifted its annual earnings outlook to between $3.80 and $3.90 a share. Prudential Financial Inc said in a statement that the company is looking to raise as much as $1 billion. Cisco Systems dropped 16%.

India Movers: Apollo Tyre, DLF, Nagarjuna, Ranbaxy, Vardhman

Mukesh Buch
11 Nov, 2010
New York City

Stock in Mumbai fell. Apollo Tyres plunged 6% after net profit fell 59%. DLF Limited slumped 4% after net profit fell 5%. Nagarjuna Construction declined 1% and net profit rose 35%. Ranbaxy Laboratories slumped 3% and net profit soared 169%. Vardhman Industries gained 4% net profit spurted 116%.

U.S. Indexes Drop on Cisco Outlook; Home Seizures Fall 9%

Devan Biswas
11 Nov, 2010
New York City

U.S. stock indexes fell sharply after Cisco guided lower than expected sales in the current quarter. The weak guidance dragged tech stock heavy Nasdaq down 1.7%. U.S. home seizures declined 9% in October. The gold gained the dollar edged up.

Fuel Prices on the Rise in China; Banks Close Up

Nigel Thomas
11 Nov, 2010
New York City

Stocks in China region closed higher on the strength in the banking and resource stocks. Rating agency Moody

Stocks in Japan Await G20 Meeting Outcome

Marcus Jacob
11 Nov, 2010
New York City

Tokyo stocks advanced for the second day in a row after banks and exporters gained. Resource stocks closed higher after commodities and crude oil advanced. APEC ministers are looking to speed up free trade in the region as they fear world economic slowdown.

Dollar at One Month Peak; Oil at 2-year High; Stocks Look to China

Bikram Pandey
10 Nov, 2010
New York City

World markets traded sideways with a negative bias as the crude oil gained and precious metals declined. Earnings were in focus and General Motors reported sharply higher earnings ahead of its public offering. In Europe banks in the peripheral region of the EU declined on weaker earnings.

U.S. Movers: A123 Systems, AgFeed, Jamba, Washington Post

Devan Biswas
10 Nov, 2010
New York City

Grand Canyon Education revenue increased 50%. Polo Ralph Lauren Corp second quarter revenue increased 11%. Tesla Motors third quarter revenue fell to $31.2 million. Washington Post declined as the company

UK Stocks Struggle; BoE Outlook Uncertain

Nigel Thomas
10 Nov, 2010
New York City

UK indexes closed lower sharply after resource stocks fell. Weak commodities prices after China tightened the bank capital reserve ratio and let the yuan strengthen. Sainsbury

European Indexes Lower; Henkel, Hannover Re Up, Holcim, Natixis Down

Devan Biswas
10 Nov, 2010
New York City

European stocks closed lower as the euro advanced. Mixed earnings kept indexes trading lower. Holcim Ltd and Natixis SA fell on weaker than expected earnings. Henkel SA and Hannover Re closed higher.

U.S Jobless Claims Fall; Trade Gap Narrows

Bikram Pandey
10 Nov, 2010
New York City

U.S. stocks traded sideways and currency traders looked for a direction as the G20 nations meet. The dollar traded volatile with a declining bias. Commodities and crude oil edged lower. U.S. Trade deficit declined to $44 billion and weekly jobless claims fell.

India Movers: Bharti Airtel, Empee Sugars, Greenply, Tata Motors

Mukesh Buch
10 Nov, 2010
New York City

Stock in Mumbai fell. Bharti Airtel Ltd. plunged 1.7% after net profit fell 27%. Empee Sugars and Chemicals gained 2.4% after net profit surged fourfold. Greenply Industries slumped 1.9% after net profit declined 86%. Tata Motors Limited gained 2.4% after net profit surged tenfold.

China Stocks Fall; Home Prices Surge 8.6%

Bikram Pandey
10 Nov, 2010
New York City

Stocks in China region declined ahead of inflation data. Home prices in China increased in October at a slower pace but continue to attract speculative capital. October trade surplus increased 23% as exports rose faster than imports. China let the yuan appreciate 0.5% against the dollar.

China October Trade Surplus Surges 23%

Nigel Thomas
10 Nov, 2010
New York City

China trade surplus in October rose 22.9% from a year ago as exports surged more than imports. The second largest monthly surplus in October trailed July surplus of $28.7 billion. For the ten months to October, surplus declined 6.7%.

Nikkei in Japan at 4-month High; Banks in Focus

Marcus Jacob
10 Nov, 2010
New York City

Stocks in Japan traded higher on the rise in banks, exporters and resource companies. World leaders are increasingly at odds in how to solve the growing financial flows imbalance and are not expected find common ground at G20 meeting.

U.S. Stocks Decline; European Indexes Higher, Mixed Asian Markets

Devan Biswas
09 Nov, 2010
New York City

U.S. indexes declined at close and commodities advanced. Indexes in Europe closed higher and Asian markets closed mixed. European Union regulators fined nearly 800 million euros eleven airlines for coordinating security and fuel fees after 2001 terrorist attacks.

Market Update